Capital Gains and Losses

Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP

Connect one-on-one with {0} who will answer your question

Related Capital Gains and Losses Questions
What form to use when reporting income as sole proprietor
What form to use when reporting income as sole proprietor when you live in foreign country? I am US citizen and had very little income. The customer support from tax software that I use says I can not… read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
49,891 satisfied customers
I have recently moved to the USA and have a doubt regarding
Hi! I have recently moved to the USA and have a doubt regarding selling a house I own in my home country (for over 10 years). The house will not fit the 2 out of 5 years rule so I cannot use the deduc… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,923 satisfied customers
Does it matter what % of the house the lease says she owns
does it matter what % of the house the lease says she owns to get the deduction with the green card? When we bought the house after she gave up here green card to work for the UN all around the world,… read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,896 satisfied customers
A card holder is selling an apartment he owned in a foreign
Hi! a green card holder is selling an apartment he owned in a foreign country and according to the law in that country, he doesn't owe a tax on the sale. what happens with the sale gain on the US Tax … read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,896 satisfied customers
How are capital gains calculated in America for non-resident
Second opinion] How are capital gains calculated in America for non-resident aliens please? So, for example, what would be the CG liability (if any) in America if we as Brits sold a property we had ow… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,168 satisfied customers
Second opinion] I moved to a foreign country and have the
Second opinion] I moved to a foreign country and have the following questions about showing income to US: Question 1) Do the things I still earn from the US while living abroad eligible to show under … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,699 satisfied customers
1-when i live in a foreign country, until i earn good income
1-when i live in a foreign country, until i earn good income i want to take the foreign income exclusion. then if i start to earn high income i want to switch to deducting foreign tax method. can i do… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,699 satisfied customers
I am a Green card holder. I am planning to sell a property
I am planning to sell a property in Korea (foreign country). Do I have to pay tax in USA even though I have to pay tax in Korea? … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,989 satisfied customers
Hmmm, I'm curious as well as impressed. I believe my
Hmmm, I'm curious as well as impressed. I believe my question was just answered with the "hit" I received on a gift of real property subject to Usufruct. In this case, an American was gifted an apartm… read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
49,891 satisfied customers
Do I pay State of CT capital gains tax on proceeds from sale
Do I pay State of CT capital gains tax on proceeds from sale of ancestral home. We had sold our late father's house in India and Paid 20% of the sale proceeds in India as per the Tax Laws of India.… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,989 satisfied customers
Dear Capital Gain expert, I am a citizen of India with a Permanent
Dear Capital Gain expert, I am a citizen of India with a Permanent Resident (Green card holder) status of the United States since 1974. I contracted to a developer in India to build a condo complex of… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,185 satisfied customers
Since birth, I am a dual US/UK citizen. We lived and worked
Hi there. Since birth, I am a dual US/UK citizen. We lived and worked in US only for 5 years (between 2005-2010) and then moved permanently back to UK. My wife is a greencard holder, but last year whe… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
Let us assume a situation. A person bought a house in a
hello Let us assume a situation. A person bought a house in a foreign country and then moved to USA. He filed I485 to adjust immigration status. There is a long processing time, up to a year. At that … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,699 satisfied customers
hi - as a us citizen abroad, do i have to pay both federal and state cap gain taxes on a r
hi - as a us citizen abroad, do i have to pay both federal and state cap gain taxes on a rental property sold abroad? I've owned the property for over 1 yr so the fed rate would be 15% right? which st… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
85 satisfied customers
Tax question for a UK individual wishing to reduce his US CGT
Tax question for a UK individual wishing to reduce his US CGT liability on the sale of his UK home at the time of becoming a US Citizen. *Please read very carefully* Background I was born and lived al… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,923 satisfied customers
I am a widower (my wife died 2002), 74 years old and live in
I am a widower (my wife died 2002), 74 years old and live in California. I wish to sell my home and purchase a smaller home still in California. My current home was purchased in 1980 for $165,000 and … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I lived in singapore before moving to the USA in 2004. I bought
I lived in singapore before moving to the USA in 2004. I bought my home, main residence, in Singapore in 1999 for SGD950k. I moved to the USA in 2004 and now I am a green card holder. Since I moved th… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I learned that when I open a sole proprietorship abroad, I
I learned that when I open a sole proprietorship abroad, I will have to pay Self Employment tax for its earnings to USA, regardless of I take credit for other taxes I pay to that foreign country (I am… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

jgordosea

jgordosea

Enrolled Agent

173 satisfied customers

As an Enrolled Agent you can be ensured of my competence in income tax matters.

PhillipB EA

PhillipB EA

Accountant

130 satisfied customers

Enrolled Agent with 8 years experience in tax return preparation, representation, and taxpayer consultation

Arthur Rubin

Arthur Rubin

Tax Preparer

85 satisfied customers

Over 22 years of tax preparation experience.

Bill-the-CPA

Bill-the-CPA

Certified Public Accountant (CPA)

55 satisfied customers

Seasoned professional with over 15 years in public accounting. Income, sales and property tax. Also accounting/tax software.

FredStevens

FredStevens

Accountant

37 satisfied customers

Experienced in business, accounting and tax planning for individuals, small/medium sized businesses and non-profit organizations

Shane-CPA

Shane-CPA

CPA, PFS, CGMA

11 satisfied customers

Shane Northrop is a Certified Public Accountant, Personal Financial Specialist and a Chartered Global Management Accountant

R. Klein, EA

R. Klein, EA

Enrolled Agent

270 satisfied customers

Over 20 Years experience in resolving tough tax cases

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x